Health is turning out to be the major concern for many people these days, particularly in the current increasing medical expenses, some of them are highly concerned about the expenses associated with the health issues as well. As a caring head of the family, you will not want to let any form of unfortunate thing to affect your plans for yourself and your family’s future. So, you should never let any medical emergencies to shatter your peace of mind and prevent you from working towards achieving your financial goals.
LIC’s Jeevan Arogya:
There are many health insurance policies in India and LIC being a trusted name in the insurance industry in India has a health insurance coverage plan named as Jeevan Arogya. It is a unique non-linked coverage plan that provides health insurance coverage against some specific health risks and provides the purchasers with the timely support in the event of any medical emergencies. This product in turn will help yourself and your family members to stay financial independent in the event of any emergencies.
What does the policy give the purchasers?
• In the case of surgery or even normal hospitalization, the policy will offer valuable financial protection.
• An increased health cover each year
• Lump sum benefit regardless of the actual cost of medical expenses.
• Benefit without any claim
• Flexible benefit limit to select from
• Flexible options to pay premium
Plan can be chosen easily:
Here is the 2-step guide on choosing the Jeevan Arogya policy:
• First, you will have to choose the level of health coverage you need
• The next thing you will have to do is to work out the premium payable along with your representative
In this step, you can choose the level of initial daily benefit, which means the daily hospital cash benefit applicable in the first year of the policy as per your requirement from the following choices available:
• Rs.1000 per day
• Rs.2000 per day
• Rs.3000 per day
• Rs.4000 per day
This is the amount that you will receive in the case of hospitalization in the first year on a per day basis. In the event of any major surgery, you will get the benefit of 100 times amount of the initial daily benefit that you choose. Therefore, the initial major surgical benefit sum assured will be Rs.1, 2, 3 and 4 lakhs respectively. You can also get other benefits as per your choice.
The second step is to work out the premium payable along with the representative of LIC. The premium will rely on your age, gender, health cover option that you choose and whether you are the principal insured and the mode of payment you choose. If you choose the initial daily benefit of Rs.1000 per day and the premium amount will be as follows:
Principal insured (Male):
• Age of entry 20 years – Rs. 1922.65
• 30 years – Rs.2242.90
• 40 years – Rs.2799.70
• 50 years – Rs.3768.90
Spouse (Female)/Mother of insured:
• Age of entry 20 years – Rs. 1393.15
• 30 years – Rs.1730.65
• 40 years – Rs.2240.60
• 50 years – Rs.2849.10
• Age of entry 0 year – Rs. 792.00
• 05 years – Rs.794.75
• 10 years – Rs.812.35
• 15 years – Rs.870.75